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live to japan straight ahead. >>> plus talk about your deadlines. today we are seven days from congress going on holiday and 25 days from plunging off the edge of the fiscal cliff. >>> the "new york post" photographer who took the picture of the man in the subway tracks before he was hit sits down to tell his side of the story. we'll hear from him this hour on cnn. good morning, welcome to "early start." i'm christine romans. >> and i'm zoraida sambolin. it is 5:00 a.m. in the east. breaking new's massive earthquake in japan. it happened off the coast of japan, about 300 miles northeast of tokyo you can see on the tower cam that we are going to buildings swayed for several minutes there. let's go to alex zolbert live in tokyo what can you tell us? >> this happened friday evening b an hour and a half ago. an unnerving scene. a 7.3 magnitude earthquake. as we understand it, this came along the same fault line that triggered that massive tsunami in march of 2011. we have been watching all the local stations, trying to gather all the information we can. here's what we know at this point in
.3 magnitude earthquake in japan. the quake striking off the northeastern coast but felt as far away as tokyo. japanese authorities say no problems are detoebgted at the nuclear power plants closes to the epicenter. it triggered a three foot tsunami in the same area devastated in last year's disaster. no deaths reported. more on this story out of japan coming up in a live report. jenna: right now brand-new stories and breaking news. jon: house speaker john boehner coming out on top. what was the intra party skirmish all about? we have the answers. a big seat to fill, they call him the king maker. conservative senator jim demint calling it quits who. will step in and what the change will mean for the next congress. if you're looking for an out of this world vacation, yes, you can have it literally, a trip to the moon for two, we are guessing it is all-inclusive, the whole story and the stunning price tag, all "happening now." good morning to you on this friday, the jobs numbers are in for november. i'm jon scott help the. >> reporter: i'm heather wheuld dreshelp the heather childress in nor je
news. a strong earthquake off the northeastern coast of japan triggered a tsunami warning. so far there are no reports of any injuries or damage. a warning was issued for a tsunami up to 6 feet high. this is for the same area that was devastated back in march of last year. officials created a task force to investigate the speed camera program. >> the vendor launched an investigation of its own. jennifer franciotti has the latest. >> chances are if you have received a base the ticket, you would like to know if the readings are true or false. so with the contract it company. they had conducted a test. this is between the j.f.x. exit and falls road. police closed all three lanes and sent three vehicles on repeated test runs clocked by radar guns. looking at the cameras facing in the eastbound direction and they could not recreate the problem. 189 valid test runs were completed and all speed readings were within expected tolerance without anomalies. since that ever 29th, three cameras on coldspring and southbound on greenspring avenue bristol taking pictures but not to issue tickets.
on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be going on. out of bonds, into stocks, selling gold as well. i think that's a real factor here. what caught my eye this morning, there was a survey out saying the hedge funds is the most exposed to the market since 2010. a lot of people mentioned that and said, that is a contrary indicator, high levels of activity in the stock market for hedge funds, often a negative indicator overall. let me mention night capital. they are selling themselves to geico. i took two-to-one ratio. this is a good deal all around. you're going to marry the biggest, fastest traders out there, getco. you're going to marry that with knight
great support out of the ecb and the bank of japan is coming online. the only thing holding the market down is the potential consequences of the fiscal cliff. you get movement there, i think you take out the highs of the year and head toward 1,500 pretty quickly. >> meaning, you know, by the end of -- within days of reesk that deal? >> you know, the pace of assent may be not quite that rapid. i think we see that by the first quarter, if we get a good fiscal cliff deal. i think this morning's comments really, really advance that. i really take strong exception to mr. lindsey's point that the president does not want a deal. we actually believe that the president needs a deal almost as badly as the republicans. remember, he is a second-term president, and second-term presidents get very concerned about their long-term legacy. we have a recession in 2013, the republicans may be blamed short term, but that will bake in the cake four more years of weak economic growth and that would assure president obama has one of the weakest records of growth in history. he doesn't want that in the histor
-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, though, as far as we know. we don't know what sort of impacting -- >> i waste a vin't a victim, bu sure a lot
of uninhabited lands between japan and china. japan sent eight fighter jets after a chinese plane was seen near the islands. it was gone by the time they got there. china continues to claim the islands. the islands have been in japanese control for years. japan bought the privately owned islands in september. >>> some are calling it a break-through, north korea making its first successful long range rocket launch but less than 24 hours after liftoff a u.s. official tells cnn the country may not be in full control of the satellite. joining me is cnn contributor and retired u.s. army general spider marks. good morning. >> good morning. >> what does this mean? is this a setback for north korea? >> it's not a setback at all for north korea. north korea successfully launched something into an extra atmospheric orbit, albeit it's not control. they were able to build a three-stage missile and get an object into space. >> here is how leon pa net ta spoke about it. he spoke to erin burnett in afghanistan. >> this is a clear provocation. we've warned them not to do it. we've been very concerned about the
's bring in the director of japan studies at the american enterprise institute. thank you for joining us and i thank you for having me. hello, heather. heather: you have this article that you wrote for the national review online. the very first line of your article says this. save yourself a few precious minutes and ignoring everything that the u.s. government says about north korea. so what is going on? >> welcome the truth is we don't know what is going on. we are pretty clueless about north korea. all we know is that when it's time fore holidays and for us to relax, north korea will do something crazy like launching rockets on july 4 or maybe setting up another nuclear test around new year's. you know, we go through these cycles. we assume that one day we are going to get them back to the negotiating table, we try to do that, and then they turn around and they break their promise. we are right back where we started from. my point is that i think we should really stop thinking about what we can do to handle this situation. rather, we should accept that the north koreans control the tab
of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimulus policy. the yen is sitting closes to the lowest level since september 2010 against the dollar. interesting here because now a lot of people are saying the best or the hottest trade in 2013 will, in fact, be long japanese stocks and short the yen because what's different this time around, now there is an actual target, 90 is the target. we know where it is going to go. if they are able to weaken the yen to that point, it is a core roll lary stocks will go higher, exactly what happened with the united states, ben bernanke ease he can the monetary policy and the 14% gain in the stock market this year. >> seen the yen basically strangling japanese exports for so long. >> exactly. >> so you know, obviously i the
challenge. we haven't seen anything like this since 25 years ago in the japan situation, but it's actually even more significant this time, dan, because really the american job generation machine has slowed down dramatically. and we've let our business environment get less and less efficient. we've let the cost of doing business rise up. we've got -- we're losing many, many more investment decisions and business activities to other countries than we're getting back. and yet, the political debate including the one we're having this morning is really not about the really important things. it's not about skills. it's not about the fundamental structure of reforms we need to make in our budget, our tax system. we're kind of -- we've gotten ourselves into a kind of a short-term day-to-day dialogue. we're not really addressing the real issues. >> a couple things going back to jpmorgan. first of all, we learned time and time that no man, no human being is smarter than the markets. not anybody. that's number one. and number two, with regard to the banks and the size of the bank, we got rid of glas
that perhaps we may see some kind of stimulus in japan and china. there are still doubts when it comes to copper tp sue? >> all right, ber that, thank you very much. to the trading action on the floor of the nyse, with the dow down just about 11 points. >> there is a lot of topic on it yesterday. i think it is continuing today. let me show you the dow here in a narrow trading range. we wait to see what kind of deal. i think the street believes a deal is coming. take a look at dow jones industrial average. narrow as i gets. the big movers, industrial stocks, home building stocks, all of them are basically flat on the day. there's your dow industrials. these have big the big ones reisn'tly and home boo rerecently and the home builders on the flat side. money going into the stock market and i've seen money coming in through mutual funds too recently. stock mutual funds, money going into europe. money going into the euro and money coming out of gold and bond, sue. this is a very interesting development. it is not so relevant. gold is on the down side. >> it is worth noting. >> there is som
are performing the way you would like them to be. and japan has been a risk. >> japan certainly, we continue it see a lot of problems economically in japan. though we are heartened by announcements that have come out politically that would affect the monetary policy. we expect mormon tarry policy going forward. we think broadly of markets like china and brazil. these are markets that started to increase monetary easing. that have started to restructure their economies and certainly we think china has avoided very nicely a hard landing and will be back for growth track next year. >> talk to me about getting yield. that what everybody want right now. how are you doing it? high yield or investment grade securities or where? >> we are underweighted and they don't provide much of a yield these days. they are on high yield and we've had a barn burner of the year with high yield. we still think you can get high digit returns in 2013. and we are looking at global infrastructure in real estate as providing a nice sustainable yield for investors. >> the big debate down here for the past couple of days
the fine ba barclay's was fined. ubs also admitting to criminal wro wrongdoing in japan. >> how are global markets doing at this hour? >> well, actually global markets are up. they're cheering, you know, the fact that there could be a fiscal cliff deal between democrats and republicans. look, we've got european markets close to year highs, the cac and dax at 52-week highs. this is more related to the expected aggressive monetary easing by the boj, but even the u.s. markets, the s&p 500 at a two-month high. >> i'm curious, we never really know how the fiscal cliff conversation plays out overseas. is it something that moves the needle in the markets in europe and asia? >> absolutely it does. given that, you know, in terms of european risk, everything pretty much done and dusted. we don't have much more european event risk until the end of the year, this is what we're focusing on. every morning when we get to work, we are watching the overnight comments from mr. obama and mr. boehner. that's why european markets have been trading higher the last two trading days because there is optimism that
across america, the world, pouring in to show support. >> people from japan, cairo, egypt, france, poland. but everybody, even all over the united states here. >> reporter: from portland, oregon, 26 wreaths for each innocent life lost. and from sanford, north carolina, 26 christmas trees donated. >> through the strategy, i wanted them to feel love from all over. >> reporter: firefighter anthony carpenter helped line the trees along the entrance to sandy hook elementary. >> i would say within an hour, they were all decorated. >> reporter: from long island, new york, 26 ornaments. >> they are not alone. >> yeah. >> yeah, not alone. >> reporter: children from ft. stuart, georgia, sending toys to children in newtown in time. christmas. from all over the world, 2 million people signing this card online, offering their condolences and love. free hot coffee for the whole town from someone in los angeles. >> reporter: maxiline ramos manages newton general store and >> their lives will never be the same. it goes along way. >> reporter: maxiline ramos manages newton general store and says coffee wa
news out of japan. a strong 7.3 earthquake has struck off the country's northeast coast beneath the sea bed. it shook buildings as far as tokyo and warnings were issued for miyagi prefecture. there's no risk for a widespread tsunami. we'll bring you the very latest. >>> elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capitol, this time in response to a political explosive power grab by the president, mohammed morsi. right now army tanks surround the presidential palace as thousands of protesters shout topple the regime, the same chant heard during the regime of hosni mubarak. in a tv show morsi said absolute powers he granted himself will expire with a vote on december 15th but that did little to silence his opponents who plan a million man march in cairo's tahrir square. >>> at a university in dublin hillary clinton called for dialogue to ease the unrest in egypt. >> we call on all the stakeholders in egypt to settle their differences through discussion and debate, not through violence. >> clinton also called on egypt's leaders to protect the c
to help you solve some common problems. this one we think is coming to us from japan. what problem do we need to solve? [ baby crying ] >> the crying baby. >> they need to put this on a plane. >> this is like the crying baby tutorial kind of infomercial, but they're not really selling you anything, they're teaching you how to make your baby stop crying in three seconds. first, you drink a glass of water. you slurp it. two steps, drink water, slurp it. yeah, that's it. blow some of it out of your mouth. >> we're in -- i don't think you can blow it out. >> let me try this. >> blow it out? what are you doing, a spit take in the baby's face? >> yeah, you can't. doesn't work. >> i am highly impressed right now. i want to see it work. >> does that mimic the sounds inside the womb? >> possibly. >> is that what's happening here? it sounds like home? >> that's what i'm guessing. >> that baby looked really a peace afterwards there. it really looked calm. >> we want to know if this works for you. try this out, video it and upload those videos. >>> it's the end of a great year in video and we've got
markets, looking at japan and maybe trading data coming out later in the day tomorrow, thinking about their cpi number. we're looking at that to see how that's going to affect technology products like the ipads and gadgets and things of that nature. that's going to be huge as a lot of the things we use day-to-day is produced in japan. >> guys, good job. thank you all for joining us as we look ahead to tomorrow. today, a wait and see market since we still don't have any resolution on the cliff and doesn't look like we will for a couple of da
if it's debris from the japanese tsunami. state officials say the boat could have floated from japan to hawaii. but they need to document it before contacting the japanese government. so far, three confirmed pieces of tsunami debris have been found in the ocean. japan donated $5 million to the u.s. to handle tsunami debris. >>> anderson cooper suffers temporary blindness, after a reporting assignment on a sunny day in portugal. ly was on a boat for two hours. later that day, he developed a burning sensation in his eye and lost vision for a day. he wanted to warn people about the risk and encouraged everyone to wear sunglasses. >>> a fast food chain is breaking into the perfume business. pizza hut in canada has just released pizza-scented perfume. only 110 bottles were made. and were shipped to people who responded on a campaign on facebook. no word when it will be available in the u.s. >> does it smell like pepperoni or sausage? >> you could choose your topping. >> okay. way to get some attention. >>> it's a chilly afternoon. you'll definitely n
educate so he sophisticated japan, virtually nobody owns guns. if you want to get a gun, listen what you have to go through. you have to take a shooting and win test. a psychological test, you have to take a drug test. there are virtually no guns in japan. there's nothing of the kind that we tend to see here in the united states. our correspondent who was in japan for cnn for years and years now living in the united states covering newtown, listen to what she had to say about the comparison between those two places. >> i moved back to the u.s. this summer for the last five years, i was living in japan as cnn's tokyo correspondent. in that entire time, i never covered a shooting. there aren't any. this is my third mass shooting i've covered in just six months. i don't have the answer but i can compare japan and the u.s. in japan, there are almost no guns. the average person just can't get one. and i have to tell you, it's the safest place i've ever lived. >> and yet, we can talk about a place that you covered as a journalist, the an toyate killings in norway, 2011, summer camp. 77 people
, 2008, look at statistics in japan, they had 11 gun-related murders. the u.s.? 12,000. shouldn't we look at other country's gun policies? it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. (announcer) when subaru owners look in the mirror, cisco. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. mi
that showed japan has slipped into a technical recession. they looked at their numbers. they revised the data. japan is technically in a recession. you have more uncertainty in italy. one of the important countries. and also you have this concern happening in japan. we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's
by naval and air forces of the empire of japan. ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. alisyn: this is fox news alert there is more tragic fallout from that radio prank today getting global attention. a british nurse duped in a hoax involving the dutchess of came ridge has been found dead in an apparent suicide. here is prince william and his pregnant wife kate leaving the hospital yesterday after she was treat ford severe morning sickness. a couple of days before a pair of australian shock jocks called the hospita
and spending cuts over the next decade. >>> the nikkei 225 index in japan is trading higher today. the win will most likely result in a loosening of japan's monetary policy. >>> despite upbeat on the economic data, markets ended lower last week. it's all about the fiscal cliff, right? could washington be making strides? yesterday, a source familiar with the talks told cnn that house speaker john boehner is willing to extend the debt limit for a year. the ceiling stands at $16.4 trillion. raising it further, requires an acted of congress, something the republicans have opposed since gaining the house in 2010. that news came a day after a source said boehner had suggested higher taxes on americans with annual incomes over $1 million. higher than what the president wants. president wants higher taxes on everybody over $250,000. >> thank you very much. >>> and coming up, much more live from newtown, connecticut, where the nation looked to president obama for comfort last night. and where detectives continue to look for answers today. [ woman ] dear cat, your hair mixes with pollen and dust. i
japan, the rogue nation has fired a long-range rocket tonight in defiance of the international community. the missile was reportedly launched at 9:51 a.m. local time. it's unclear whether the launch was successful. sometimes they just fall into the water. but japanese officials say tonight they believe the missile passed over okinawa, japan. north korea announced at the beginning of the month they intended to launch the missile, but there were reports as recently as this afternoon they had had to dismantle the rocket to make repairs to it. again, tonight it appears north korea has in fact fired the rocket. this is north korea's second rocket launch under its new leader, kim jun un. a similar rocket broke up less than two minutes in flight. officials claim this launch is intended to put a weather satellite into space. but many officials and many in the international community believe north korea may be testing its capability to one day launch a long-range nuclear warhead. this comes at a politically sensitive time. neighboring south carolina is set to hold its presidential election in a d
is going to be, fiscal cliff going into the end of the year, we'll start to focus on europe and japan printing money over there. we'll get back into the macroeconomic horizons and see how it goes. but yeah. i think there's been some outflows in certain sectors, risk is on here. >> all right. bill nichols how are you playing this waiting game right now? >> i think one of the real interesting sectors one of the guests mentioned is the action in financials. you look at bank america and you haven't seen any real participation in the financial sector for four or five years. that's one to keep an eye on. you may see a meaningful move. that could be good for the market. >> you don't think it's too late -- >> -- next year in terms of a tax increase. >> bank of america is the best performing this year. it's not too late to get into that? you think there's more to come? >> look at the short-term move and it looks good. look at a five or six year chart and it's a different story. looks like you've got more room on the upside. >> rick santelli, jump in here. what are you seeing in chicago the mov
up. ,,,,,,,,,,,,,,,,,,,,,, japan by the oakland a's. s >>> good morning. we are waking up to clearing skies and temperatures dropping all across the bay area. look at concord, 37 degrees. 36 degrees in santa rosa. when will the rain head back to the bay area? we'll tell you. your seven-day forecast is coming up. >>> and the metering lights are on at the bay bridge toll plaza. big backup also because of a stalled vehicle at the toll plaza as well blocking lanes. troubles in palo alto and san jose. details on that in minutes. >>> well, san jose state university has named ron caragher as its new head football coach. >> maybe i can come in and bring some consistency and keep it, you know, just build off what coach mac did here and keep it at a high level. >> and he is a native of morgan hill. he has coached of the last six seasons at the university of san diego. takes over for mike macintyre, who left san jose state for a big paycheck in colorado. interim coach kent bear will lead the spartans in next week's military bowl. >>> an interesting acquisition from japan by the oakland as. the
modest growth led by rising demand for housing. >> and an election in japan leads to a jump in stock marketing there. we go to ashley morrison of cbsmoneywatch.com who joins us now. good morning. >> reporter: good morning. well, an election win by japan's liberal democratic party boosted japanese markets this morning. tokyo's nikkei added about 1% while hong kong's hang seng lost half a percent. >>> on wall street friday stocks fell as investors wait on a budget deal out of washington. the dow dropped 35 points while the nasdaq lost 20. >>> there is some movement in the negotiations to avoid the so-called "fiscal cliff." white house and congressional aides worked through the weekend after house speaker john boehner offered a new proposal to the president on friday. the proposal includes an increase in taxes on people making more than $1 million a year and in exchange he is asking for one trillion dollars in spending cuts. >>> and diet pepsi is getting a huge makeover next month but the company is already making changes. they have added a new sweetener. diet pepsi contains aspartame w
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. a magnitude 7.3 quake rocking japan triggering tsunami fears and warnings in the same region mitt by the massive quake and tsunami back in march of 2011. you can see buildings shaking in the brand new video. so far no major damage or injuries reported. republicans working through legislation by democrats and scenes like this one angry protests by union activists. it shows protestors being hauled off in handcuffs after beiustin down the doors. they have union fees from none union employees. >> john mcafee is arrested one day after entering the country illegally. good morning elizabeth. >> it is a bizarre twist in the story making headlines for three weeks. john mcafee rushed to the hospital for chest pain after being denied asylum by the country. he was only hospitalized for a brief period of time. doctors believe he is suffering from high stress. mcaf fee has been on the run trying to escape questioning by police in belize. he's considered a person of interest in the murder of his brother. on tuesday police raised him for entering the country illegally. the 67-year-old software co
with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setting up barricades as morsi's opponents plan a million man march in cairo's tahrir square later today. last night, army tanks surrounded the presidential palace as thousands of protesters waved flags and shouted "topple the regime." you may remember, that's the same chant heard during the revolution t
island of okinawa and quickly provoked expressions of anger and outrage from japan and korea, which convened meetings of security officials. the u.s. described it as a provocative act threatening regional security. now, north korea, for their part, quickly said that it was a success, that the satellite is in orbit, unlike a test earlier this year when the rocket burned up on launch. the u.s. experts have conceded that an object is, indeed, in orbit and that even the chinese have expressed regret today, lynn. >> ian williams there live for us in beijing. ian, thanks so much. >>> back here at home, michigan is now the 24th state in america with a right-to-work law. despite protests of angry union supporters, state lawmakers passed the legislation. this means both private and public workers do not have to pay union fees. and republican governor rick snyder quickly signed the bills, calling them "pro worker" and "pro michigan," but opponents say the move weakens organized labor and will mean lower wages. >>> last night on "politics nation," democratic congressman gary peters of michigan
movie. ashley morrison in new york. good morning to you. >> good morning to you. >> it boosted japan's market. tokyo's nikkei add 1% while hong congress's hang seng lost half a percent. wall street continues its weight for a fiscal cliff deal. last week. >>> united and continental airlines moved a step closer to finalizing their merger over the weekend. united's pilots union agreed to a new contract that will also cover pilots coming from continental. the deal includes raises and bigger retirement contributions and it allows united to expand its use of larger regional jets. >>> diet pepsi is getting a huge makeover next month, but they've already made new changes. they've added a new sweetener. diet pepsi uses aspartame, which breaks down in the heat. they're mixing it with a new sweetener that helps it stay sweeter longer. the new mix hit the shelves in some areas earlier this month. >>> and in the box office, a record-setting record for "the hobbit." the fantasy flick took in almost $85 million. that's better than the three previous "lord of the ring" films and gives "the hobbit" t
to play in japan next season. >> a spokesperson for charges to be bush said the former president remains hospitalized as his favor elevates. he was initially being treated for a bronchitis-like cough. he has been put on a liquid diet. doctors are still try to figure out the cause of the fever. he is 88. the oldest living u.s. presidents. >> people in southern alabama are cleaning up after or -- a tornado touched down christmas day. numerous homes were damaged or destroyed and several roads are covering -- are covered with debris. forecasters say the tornado was part of a line of severe storms that swept across the southeast. there have not been any reports of the injury or fatalities. >> your favorite cooking dishes may be a hazard. >> a doubt of every 10 americans homes experience incidents of glass coke were failing including pyrex product. >> i look at the weather from across the country. >> our storm will be winding down. we have another one in the seven-day forecast. here's a look outside. 37 at the airport. weather is next. >> a old were city father says he accidentally dropped his
arrived in japan today becoming the first vessel to successfully test a new trade route through arctic waters. it opened up due to shrinking ice. it shaved nearly three weeks of its time. in september researchers of nasa announced the coverage retreated to its lowest level since recoffereds began in 1979. the route is open four months of the year. >> put down the cell phone and the sandwich if you are in south dakota. they report that there is a top new ban on distracted banning. it makes texting while drivers is a primary offense but you can get that ticket if you are eating, rearding the paper, or putting on make-up while driving. >> would you pay for cough sfee with plastic or cash? now you have the option to pay with steel. >> you're going to hear about that at starbucks. that story coming up in consumer alert. >> a special christmas for a special soldier and his family. that story coming up. >> showers coming you have a the great lakes and a sign that colder air is moving into the atlanta. it is 51 degrees and 56 >> coming up at 6:00 they plan to repeal fema's decision to deny ass
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asia, clearly, it has bruised people, governments across the region here, south korea and japan, and in recent days, reportedly pressing for an increase in the u.n. security council sanctions to the level currently imposed on iran. we don't know if they will get there, but tension is on the u.n. right now. china has a veto power there. china's patience was taxed with this launch, the foreign ministry spokesman expressing regret, which is a strong word from beijing. but it is unclear what measures china would accept as means of punishment of north korea. greta? >> greta: do you know why the window was extended for this launch and then they launched it? is there any explaining for that, yet? >> it could have been a measure by thome confuse and throw everything off the track. yesterday, local time, local media said that the rocket was being dismantled -- sorry, two days ago, saying it was dismantled from the launch pad, perhaps for repairs. a couple of hours later, it was put back and the launch took place, perhaps without south korean media and the government there watching, parti
. >> that is china, incorporated. >> the korette su from the '80s from japan, it is a powerhouse and it will be more on the world economic scene as we move forward. >> you know, the job creators, the 2%, they laugh at us over there. >> they don't laugh, they look at us warily, i think is more probably more appropriate. they also are taking steps in their banking system, we should point out. they've bailed out any bank, depositors have never failed to get their money. but they're trying to put in a -- according to "the new york times," at least, a deposit guarantee system as well for the banking system. >> sounds like all systems go there. >> we'll see if this continues next week. meantime, we'll talk apple debuting the iphone 5 in china today. the iphone news isn't preventing apple shares from falling in the market. cutting the price target to $700 from $780. he does maintain a buy rating and said apple needs to expand more geographically. it's not dead, it's not -- but it needs to find ways to innovate its products. we sort of saw this coming. steve had a caution note on apple a few weeks ago which
. land slide victory for the conservatives in japan. you know what the conservatives stand for? unlimited easing stimulus. the new prime minister is back in again. increase defend spending. increase infrastructure spending in japan. that's why the asian markets were up overall. did you see what was going on in shanghai index? up another 0 .5%. finally, did you see the airline stocks? nice upgrade at a couple of the firms there, upgrading the airline indexes, moving the last several weeks on better news overall. minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked quite a bit about how 160 was an important level. we have built on that as we've distanced ourselves, a do
and shakes buildings in japan in the same area as nearly two years ago. >>> fiscal cliff for air travelers, ground your trip or compromise air safety. >>> be careful what you write on review websites. one woman is being sued for almost $1 million for posting a nasty review online. find out which side the judge is taking. taking. "newsroom" begins right now. -- captions by vitac -- www.vitac.com >>> good morning. thanks for joining us. i'm don lemon in for carol costello this morning. the labor department this morning says 146,000 jobs were added in november and unemployment fell to 7.7%. so, let's put this all in perspective for you just one month earlier. in october, 138,000 jobs were added. so we're going to begin our coverage now with cnn correspondent and first up is christine romans. good morning, christine. >> good morning, don. we give the headline 146,000 jobs created, more than we expected, more than economists had expected, twice what a cnn money survey of economists had expected. unemployment rate fell to 7.7%. i'm going to tell you, it caught me by surprise. most people thought
and growing. growing in the suburbs. that's the latest trend in poverty. >> i'll give you an example. japan. i lived in japan five years and they had a very good early childhood education program. there's very limited class difference and i think that that has worked pretty well and, you know, bringing, everybody prepared to participate in the labor force. >> just bring this up, again, i think there are some people who don't watch the show regularly, but, of course, they heard that nick was coming on and like one direction. >> you should see my twitter, it's going wild. >> nick crikristof is on, my far was unemployed in the 1970s and $40 in mississippi, once a week, allowed him to buy groceries for his kids and put a tank of gas in the car. so, these programs, there are extremes and there are problems, but mike said, this won't break the country, but certainly destroying lives. >> there are, you know, blind kids who desperately need their families at home and that support makes a huge diffdiffer. the problem is when you have much more ambiguous situations and parents think they can gain the cy
captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball." >>> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, house minority leader nancy pelosi put the blame back on republicans. let's listen. >> the only obstacle standing in the way of middle income tax relief are the republicans' unwillingness to ask the top 2%
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for the 1460 level. japan is trading at the top range of a 6-day trend channel. we're looking for a break above that and uranium had a couple very good days. the last we saw was august and looking for a continued move higher and above the moving average. >> thank you very much. we'll be watching those events for tomorrow's trading session after a 150 point rally today. stay with us. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a
have been very strong. china has been strong. mandy, you know, japan has been strong, and the banks have been strong. to me there's an underlying strength to the market when some of the bodyguards have been doing well so i think the market wants to do better. that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospita
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